What Does “A Seller’s Market” Mean?

Seller's Market

What Does “A Seller’s Market” Mean?

You might have heard recently that we have a huge seller’s market right now. So, what does that mean and how does it affect you?

In real estate the most common question is “How’s the market?”. They want to know if it’s a buyer’s market or seller’s market and is now a good time to buy or sell?

When people say it’s a seller’s market, it means there are more buyers wanting to buy homes than there are homes on the market. Here, sellers typically have the upper hand and can get a slightly higher price for their real estate because the demand for homes is higher. This is one of the many times where having a knowledgeable real estate agent comes in handy. They can make sure the home is priced correctly.  Too high of a price and your home can sit on the market, too low of a price and people may wonder what is wrong with the property and why it is priced low. So, if you are contemplating selling your home, NOW is the time to call your real estate agent and get it on the market. Remember, homes are selling fast!

If you are a buyer, you also need to make sure you have a knowledgeable real estate agent to help you work fast so you don’t miss out on a property you are interested in and to help you navigate the negotiation process.

Don’t miss out!  Give us a call and we can help walk you through the selling OR buying process. NextHome TriState Realty 712-224-6398

www.NextHomeTriState.com

Take a look at the “What’s Active In Sioux City?” information.  At 1:10 p.m. on Monday, February 8th, there were only 67 active single-family homes in Sioux City on the market.

What's on the Market - Sioux City (6)